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Fiscal Policy and Optimal Taxation in Sierra Leone: Testing for Tax Smoothing Hypothesis
2022
International Journal of Economics and Finance
This paper empirically investigate whether the budget imbalances in Sierra Leone over the review period is consistent with optimal tax policy. The procedure involves testing if tax smoothing hypothesis hold for Sierra Leone. In this regard, three different empirical approaches were performed. Firstly, I examine the random walk property of the tax rate. The null hypothesis of non-stationarity of tax rate could not be rejected, which implies the tax rate follows random walk. Second, I examined
doi:10.5539/ijef.v14n2p61
fatcat:m4rlk6eazzcfvgvyyiqd4562qq